Problem
The text presents very detailed cost tables when it considers the decisions of firms.
a. Do entrepreneurs have such cost tables available to them when they enter a business?
b. If not, how do they gather such information?
c. If such information is gathered through trial and error, what implications does that have for government intervention in the marketplace? (Austrian)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.